The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports suggesting the Egyptian government is hoping to strike a loan deal with the International Monetary Fund (IMF) within a month or two. Egyptian Pound Still …
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The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and regulations. According to the central bank’s governor, there is an ongoing “battle between regulated and unregulated money on the one hand and sovereign versus …
Since their debut ten years ago, cryptocurrencies like Bitcoin and Ethereum have done significant progress. They have changed from being praised as the Internet’s currencies to becoming volatile digital assets. Initially, all you needed to mine Bitcoin was a laptop, but because to the exponential increase in the amount of power required to produce Bitcoin, …
Continue reading “Crypto’s journey to going green; the IMPT project”
Cryptocurrency analytics platform Santiment says Bitcoin (BTC) whales have accumulated heavily over the past nine days. Santiment says that since Tuesday last week, Bitcoin whales have added Bitcoin worth approximately $931,309,410 at time of writing. According to the crypto analytics platform, this is the longest period of sustained accumulation by Bitcoin whales since May. “Bitcoin …
Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak could imply that Bitcoin has reached its bottom. In an Oct. 5 Bloomberg Crypto Outlook report, McGlone says while the rise …
Continue reading “BTC to outperform ‘most major assets’ in H2 2022 — Bloomberg analyst”
Barring another change of heart and certain conditions to be met, Elon Musk’s acquisition of Twitter looks set to go ahead, prompting the question of whether some or all of the changes he initially hinted for the platform will become a reality. The platform is a popular communication and news tool for crypto enthusiasts, users …
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Connecticut-based advisory firm Tuttle Capital Management has submitted a preliminary prospectus filing with the United States Securities and Exchange Commission (SEC) for two new exchange-traded funds (ETFs) centered around betting against the investment tips from Jim Cramer. Cramer is the host of CNBC’s Mad Money and has become a popular meme in the crypto and …
Continue reading “It’s happened: Someone’s filed for Cramer ETFs with the SEC”
Sellers Emerge in the Overbought Region as BTC Price Holds above $20.1K – October 6, 2022 Bitcoin bulls have broken above the moving average lines as BTC price holds above $20.1K. In order words, Bitcoin has reclaimed the $20,000 high but buyers are struggling to sustain the bullish momentum. The next target price level is …
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Officials from the European Union have reached agreement on the final text of their historic crypto legislation, which may pave the way for a regulatory strategy that applies to all of Europe. According to a letter from committee head Edita Hrdá, the complete legal text of the Markets in Crypto Assets Regulation (MiCA) was adopted …
The South Korean authorities may soon invalidate the passport of Terraform Labs founder Do Kwon The authorities have issued a public notice to Kwon, stating that he should return his passport within 14 days. In a new public notice uploaded by South Korean authorities, Do Kwon has 14 days to submit his passport to the …
Battle Infinity Price Prediction for Today, 6th of October: IBATUSD is hereby facing the positive side having finished with the lows. Thus, a breakout above the $0.003199 supply mark will invalidate the bearish theory and a turnaround for the buy traders. $0.2500 high value might be achieved in this new bullish pattern. Key Levels:Resistance Levels: …
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Yuga Labs has announced a new Bored Ape Yacht Club (BAYC) community council to help the project “grow and thrive.” The team revealed seven council members in an Oct. 5 blog post, noting that they are all OGs who have been around since the early days of the BAYC. Yuga Labs said it assembled a …
Continue reading “Nifty News: Yuga Labs launches BAYC council, Animoca backs Cool Cats and more…”
Australian-based Web3 game studio Ninja Syndicate’s CEO and founder believes GameFi could usher in a new era where users can earn a living wage through blockchain games. Speaking to Cointelegraph, founder John Nguyen and CEO Alex Dunmow say that traditional jobs are increasingly at risk through factors such as automation. According to the game developers, …
Continue reading “GameFi could be the answer to unemployment for some — Aussie game studio”
On Wednesday, the team behind the blockchain game Splinterlands announced that it reached a new milestone after the project sold more than 10 million packs from the fantasy-themed battle game’s Chaos Legion series of cards. The achievement follows the project’s recent partnership with the Major League Soccer Players Association and Warner Music Group. Play-to-Earn Game …
South Korean authorities have reportedly frozen $40 million in crypto assets, including bitcoin, allegedly belonging to Luna founder Do Kwon. However, Kwon denied that any funds of his have been frozen. “I don’t even use Kucoin and Okex, have no time to trade, no funds have been frozen,” he insisted. Prosecutors Say They’ve Frozen Do …
